BOTTLER Pepsi-Cola Products Philippines Inc. on Friday said its net income dropped during the first nine months of the year as a result of the higher depreciation and damage caused by Supertyphoon Yolanda (international code name Haiyan), but sales continue to climb.
The company said in its disclosure to the Philippine Stock Exchange that its income dropped by 20 percent, to P618.09 million from last year’s P780.74 million.
For the July-to-September quarter, its profit grew by 13 percent to P139 million from last year’s P122.79 million.
Pepsi, which manufactures beverages (such as Gatorade and Tropicana juice drinks), said its sales during the first nine months of the year surged to P21.95 billion from last year’s P19.43 billion.
“Our sustained growth was achieved by bringing in more exciting consumer offerings for our Filipino consumers, building our distribution footprint and sustaining our investments in operating capability development,” said Furqan Ahmed Syed, the company’s president.
“We are proud to have been part of the Tanauan rehabilitation and rebuilding process. Our plant operations in Tanauan are fast coming back to normal. As a responsible corporate entity,[We are] resolved that we will continue to refresh Filipino consumers while giving back to the communities that we operate in via our CSR [corporate social responsibility] program,” Syed said.
The company inaugurated its 12th manufacturing facility at an investment cost of about P1.1 billion in October in Santo Tomas, Batangas. Spanning over seven hectares, the facility is initially operating two bottling lines, serving over 40,000 outlets in the Southern Tagalog.